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The James Altucher Show

The Secret World of Illicit Finance | Raymond Baker, Author of 'Invisible Trillions'

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 2 February 2023

⏱️ 63 minutes

🧾️ Download transcript

Summary

Today, we're joined by the one and only Raymond Baker, author of the eye-opening book Invisible Trillions: How Financial Secrecy is in periling Capitalism and Democracy, and the Way to Renew our Broken System. That's a lot in the subtitle, but it's also a massive topic that's often swept under the rug because - as Raymond details - essentially every large corporation engages in the tax-dodging practices he details in depth in today's conversation. Raymond talks about the interweaving between capitalism and democracy, whether it's a good thing across the world, and the international ramifications. The examples Raymond provides in the book and in the actual experiences and situations he recounts on today's episode are very serious, and it really does involve trillions of dollars. You won't want to miss this fascinating conversation filled with surprising revelations and thought-provoking insights. Join us as we explore the world of "Invisible Trillions" with Raymond Baker!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Invisible trillions, how financial secrecy is in paralleling capitalism and democracy

0:13.1

and the way to renew our broken system.

0:15.4

That's a lot in the subtitle.

0:16.4

But the title is Invisible trillions by Raymond Baker.

0:20.0

And it discusses how basically we live in almost this quadrillion dollar economy, global

0:26.2

economy, and a lot of the money is corrupt.

0:30.9

We'll describe what that means in the podcast.

0:33.4

Raymond Baker talks about the interweaving between capitalism and democracy and whether

0:40.1

it's a good or bad thing across the world and we discuss all the ramifications.

0:45.7

I do think maybe capitalism might not be the right word because I think it leaves out

0:51.2

the innovation aspect of capitalism, but the examples Raymond provides in the book and

0:57.1

in the podcast and the techniques and the actual experiences and situations he recounts

1:04.3

are very real, very serious and they really does involve trillions of dollars and is worth

1:09.5

paying attention to.

1:10.6

So without further ado, let's go and talk about all the invisible trillions missing in

1:17.9

the world economy.

1:23.3

This isn't your average business podcast and he's not your average host.

1:28.2

This is the James Altiger show.

1:40.0

So Raymond, before we get into all the depressing stuff in your book, which is fascinating

1:44.4

and I have notes all over the place in it, you seem incredibly healthy.

1:48.8

You're 87, you're writing books, you're looking good.

1:51.7

What's the secret to quality longevity exercise?

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